Economy and commerce
Trade
China and HK Cambodia’s top rice exporters in first five months of 2023
China and Hong Kong have emerged as the top export markets for Cambodian milled rice, covering 42.43 percent of total exports worth $77.42 million. The 25 European countries accounted for 37.93 percent of exports worth $71.99 million, according to Cambodia Rice Federation (CRF). ...
Seng Mengheng
https://kiripost.com/stories/china-and-hk-cambodias-top-rice-exporters-in-first-five-months-of-2023
Cambodia earns $ 77.4 mln from milled rice export to China in first 5 months
Cambodia exported 118,041 tons of milled rice to China in the first five months of 2023, earning $ 77.4 million in revenue, said the Cambodia Rice Federation (CRF)’s press release on Thursday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501305365/cambodia-earns-77-4-mln-from-milled-rice-export-to-china-in-first-5-months/
Job opportunities increasing in manufacturing sector
Prime Minister Hun Sen said yesterday that the manufacturing sector is creating more jobs for Cambodians, which is helping to improve their livelihoods as the government has been taking several steps to attract more foreign investment to the country. ...
Chea Vanyuth
https://www.khmertimeskh.com/501304999/job-opportunities-increasing-in-manufacturing-sector/
Vietnam steps up trade promotion in Cambodia
The Vietnamese Embassy in Cambodia in coordination with the Ministry of Industry and Trade (MoIT)’s Asia–Africa Market Department held a trade forum in Phnom Penh on June 7, which brought together more than 100 businesses of the two countries. ...
Khmer Times Staff
https://www.khmertimeskh.com/501304682/vietnam-steps-up-trade-promotion-in-cambodia/
Jan-Apr exports to Singapore quadruple on-year
Cambodian goods exports to Singapore reached $223.843 million in the first four months of 2023, up 345.7 per cent year-on-year from $50.224 million and up 1,087 per cent half-on-half (compared to July-October 2022) from $18.9 million, according to provisional Customs (GDCE) data compiled in “International ...
Hin Pisei
https://www.phnompenhpost.com/business/jan-apr-exports-singapore-quadruple-year
Cambodia, Thailand launch cross-border QR payment phase II
Cambodia and Thailand launched the second phase of their cross-border QR payment system, which aims to promote the use of local currencies, financial inclusion and cross-border trade and tourism. ...
Chea Vanyuth
https://www.khmertimeskh.com/501303481/cambodia-thailand-launch-cross-border-qr-payment-phase-ii/
Cambodia, Vietnam sign trade enhancement pact
Cambodia and Vietnam signed a trade enhancement agreement to increase economic cooperation between the two countries. ...
Chea Vanyuth
https://www.khmertimeskh.com/501301992/cambodia-vietnam-sign-trade-enhancement-pact/
Cambodian wild aquatic products now get export permit to China
Cambodia’s wild aquatic products have been granted formal approval to be exported to China, the Chinese embassy in Cambodia said in a statement on Wednesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501301297/cambodian-wild-aquatic-products-now-get-export-permit-to-china/
NA approves ASEAN service trade agreement draft law
The National Assembly (NA) on Tuesday approved the law on the approval of the Association of Southeast Asian Nations Service Trade (ASEAN Service Trade) Agreement in the ninth session of its sixth legislature to strengthen Cambodia’s economic connectivity in the region, said a release by ...
Kang Sothear
https://www.khmertimeskh.com/501299920/na-approves-asean-service-trade-agreement-draft-law/
Cambodian National Assembly ratifies ASEAN trade in services agreement
The Cambodian National Assembly on May 30 ratified the ASEAN Trade in Services Agreement (ATISA) to boost trade and investment in the area of services. ...
Khmer Times Staff
https://www.khmertimeskh.com/501299457/cambodian-national-assembly-ratifies-asean-trade-in-services-agreement/
Cambodia exports products worth $7.23 billion in January-April as deficit widens
Cambodia exported products worth $7.23 billion during the January-April period of 2023, a year-on-year decrease of 4.9 percent from 7.6 billion dollars, Prime Minister Hun Sen said on Saturday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501297920/cambodia-exports-products-worth-7-23-billion-in-january-april-as-deficit-widens/
Cambodia & UK sign MoU to strengthen trade relations
Cambodia’s ministry of commerce and the UK’s ministry of business and trade have established a Joint Trade and Investment Forum (JTIF) to strengthen trade and investment ties ...
Khmer Times Staff
https://www.khmertimeskh.com/1298940/cambodia-uk-sign-mou-to-strengthen-trade-relations/
Chinese-invested car tire factory in Cambodia set to export close to 6 million tires per year
A Chinese-invested tire factory in Cambodia’s Sihanoukville Special Economic Zone (SSEZ) officially launched its operation on Monday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501295184/chinese-invested-car-tire-factory-in-cambodia-set-to-export-close-to-6-million-tires-per-year/
Cambodia’s rubber exports earn more than $200 million, up nearly 40%
Cambodia earned more than $200 million from the export of rubber and rubber products, an increase of more than 38 percent compared to the same period in 2022, reaching just over $149 million. This is according to the four-months report of 2023 of the General ...
Khmer Times Staff
https://www.khmertimeskh.com/501293951/cambodias-rubber-exports-earn-more-than-200-million-up-nearly-40/
Cambodian durian sector exploring export opportunities to China
Recently, the Samlot Durian Cluster, a durian association based in Cambodia’s Battambang province, held a meeting with several investors to discuss export opportunities to China, even though Cambodian durians have not yet secured access to this lucrative market. ...
Khmer Times Staff
https://www.khmertimeskh.com/501293262/cambodian-durian-sector-exploring-export-opportunities-to-china/
New AEO trade initiative set to draw more players to Cambodia
Cambodia’s new AEO (authorised economic operator) programme – and implementation thereof by Customs (GDCE) – will make life more convenient for investors and support initiatives to attract additional players to the Cambodian market, observers have claimed. ...
Hin Pisei
https://www.phnompenhpost.com/business/new-aeo-trade-initiative-set-draw-more-players-cambodia
CSX-listed state firms post dull results for start of 2023
Two local public-listed state-owned enterprises (SOE) have posted financial results for either the first three or four months of the year, which fell somewhat short of expectations, as local, regional and global economies continue to feel the shockwaves of the Russo-Ukrainian conflict. ...
May Kunmakara
https://www.phnompenhpost.com/business/csx-listed-state-firms-post-dull-results-start-2023
RCEP, FTAs to put region, Cambodia in better position to recover from pandemic impacts
The Regional Comprehensive Economic Partnership (RCEP) trade pact and bilateral free trade agreements will put the region and Cambodia in a better position to recover from the impacts of the COVID-19 pandemic, a Cambodian scholar said on Wednesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501292617/rcep-ftas-to-put-region-cambodia-in-better-position-to-recover-from-pandemic-impacts/
175 tenants employ ‘30,000’ at S’ville SEZ
The Sihanoukville Special Economic Zone (SSEZ), the Kingdom’s largest industrial park in terms of size and occupancy, now houses 175 tenants, which employ about 30,000 people, according to local reports. Notable nationalities of enterprise owners include China and the US, as well as those from ...
ហ៊ិន ពិសី
https://www.postkhmer.com/business/2023-05-15-0647-250046.html
Int’l trade slips but deficit dips 72%
Cambodia’s international trade volume reached $15.611 billion in the first four months of 2023, down 14.10 per cent year-on-year from $17.650 billion, while the trade deficit for the period narrowed by nearly three-quarters on an annual basis, according to provisional figures from the General Department ...
Hin Pisei
https://www.phnompenhpost.com/business/intl-trade-slips-deficit-dips-72
Cambodia’s international trade declines 14.1%
Cambodia’s international trade stood at $15.16 billion for January to April this year, a decline of 14.1 percent, compared to the same period last year, according to the trade data released by the General Department of Customs and Excise (GDCE) yesterday. ...
Manoj Mathew
https://www.khmertimeskh.com/501288366/cambodias-international-trade-declines-14-1/
Q1 Canada trade dips 22% despite March rebound
The merchandise trade volume between Cambodia and Canada reached $192.720 million in the first quarter of 2023, making the world’s ninth largest economy the Kingdom’s 10th biggest trading partner for the three-month period, according to Customs (GDCE). ...
Hin Pisei
https://www.phnompenhpost.com/business/q1-canada-trade-dips-22-despite-march-rebound
Bilateral trade between Cambodia and Japan worth $1.948 billion in 2022
The figure was revealed by Prime Minister Hun Sen when presiding over the groundbreaking ceremony for the construction of container terminal of Sihanoukville Autonomous Port (PAS), and the celebrations of the 70th Anniversary of Cambodia. -Japan Diplomatic Relations (1953-2023), and the 137th anniversary of International ...
Khmer Times Staff
https://www.khmertimeskh.com/501282910/bilateral-trade-between-cambodia-and-japan-worth-1-948-billion-in-2022/
Cambodia, UAE conclude comprehensive economic partnership agreement
The UAE and the Kingdom of Cambodia have finalised the terms of a comprehensive economic partnership agreement (CEPA), paving the way for a new era of trade and investment cooperation between the two nations. ...
Khmer Times Staff
https://www.khmertimeskh.com/501280969/cambodia-uae-conclude-comprehensive-economic-partnership-agreement/